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Crypto wrap: Binance investment boost, Coinbase returns to India, plus more

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Hameed Shuja

4 min read
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Our regular roundup of news and developments from the world of crypto.

UAE-based artificial intelligence fund MGX has announced it will be investing $2 billion in the world’s largest cryptocurrency exchange Binance. According to MGX, this will be:

  • “The single largest investment into a crypto company.”
  • “The largest investment paid in crypto (stablecoin).”
  • “The first institutional investment in Binance.”

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